Commitment to Action

Data Driven Credit Solutions for African Farmers

Commitment by

Gro Ventures

In 2013, Gro Ventures committed to create new credit models that will enable large financial institutions to lend effectively into African agriculture. The commitment aims to increase lending to small-scale farmers, who are responsible for 90 percent of production, but to whom banks are reluctant to lend because of their inability to measure and understand associated risks. This inability to model risk is fundamentally a data issue, as reliable and timely information on key indicators including weather, soil, production cycles, is either non-existent or outdated. Gro will work with a number of institutions to aggregate existing and collect new comprehensive and real-time agricultural data, while simultaneously working with large banks to develop innovative financial products.

Share

Tabs

Overview
Summary

Commitment

Data Driven Credit Solutions for African Farmers

Launched

2013

Est. Duration

2 years

Region

Africa

Countries

Kenya, Tanzania, Uganda

Commitment by

Gro Ventures

Partner(s)

African Risk Capacity